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GasBuddy News Article

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votes
Crude Extends Losses After Inventories Climb

Dow Jones Newswires --
Oil futures tumbled after a report on U.S. oil inventories showed stockpiles rose unexpectedly last week while gasoline demand fell sharply.

Light, sweet crude oil for July delivery fell $1.65, or 2%, to $82.38 a barrel on the New York Mercantile Exchange. With the July contract set to expire at the settlement Wednesday, August futures fell $1.74, or 2%, to $82.61 a barrel.

Brent crude oil on ICE Futures Europe fell $1.24, or 1.3%, to $94.52 a barrel.


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Submitted Jun 21, 2012 By: RENEGADEGAS
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Crude Extends Losses After Inventories Climb Back to Topics
REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

Posts:24,049
Points:2,388,440
Joined:Nov 2008
Message Posted: Jun 24, 2012 6:52:40 AM

low crude prices mean also low overall global economic growth.
sparky808
Champion Author Honolulu

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Message Posted: Jun 22, 2012 11:37:47 AM

Thank you for posting.
Ahking
Champion Author Orange County

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Message Posted: Jun 21, 2012 10:11:41 PM

good
Dodge_Me
Champion Author Atlanta

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Joined:Mar 2006
Message Posted: Jun 21, 2012 10:03:01 PM

Keep going down!
aggietim
Champion Author Fort Worth

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Joined:Oct 2008
Message Posted: Jun 21, 2012 10:02:50 PM

good
mrbee
Champion Author Little Rock

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Message Posted: Jun 21, 2012 9:59:20 PM

About time
dabbadu
Champion Author New York

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Joined:Feb 2011
Message Posted: Jun 21, 2012 9:58:07 PM

Great!
Hangnail309
Champion Author Manitoba

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Joined:Aug 2006
Message Posted: Jun 21, 2012 9:57:55 PM

Ok, but not at the pump!
jessek
Champion Author Detroit

Posts:2,657
Points:1,280,490
Joined:Sep 2008
Message Posted: Jun 21, 2012 9:56:57 PM

OK by me.
menagerie1013
Champion Author San Diego

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Points:1,302,790
Joined:Apr 2011
Message Posted: Jun 21, 2012 9:56:19 PM

I'm not gonna complain about lower gas prices.
G.Lee
Champion Author Colorado Springs

Posts:22,974
Points:3,462,820
Joined:Sep 2003
Message Posted: Jun 21, 2012 9:54:13 PM

Ok
Bezalel
Champion Author Oklahoma City

Posts:15,372
Points:3,065,270
Joined:Oct 2006
Message Posted: Jun 21, 2012 9:54:11 PM

"...gasoline demand fell sharply. "

Not at the pump.
craigrm
Champion Author Connecticut

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Points:1,232,710
Joined:Mar 2008
Message Posted: Jun 21, 2012 9:48:18 PM

Nobama.
Spankster85
Champion Author Chicago

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Joined:Nov 2011
Message Posted: Jun 21, 2012 9:45:13 PM

Keep falling.
69Bonne
Champion Author Gary

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Joined:Sep 2005
Message Posted: Jun 21, 2012 9:43:45 PM

Good.
DrLyon
Champion Author Michigan

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Joined:May 2006
Message Posted: Jun 21, 2012 9:42:57 PM

Keep loosing...
Yankee829
Champion Author Dallas

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Points:1,336,020
Joined:Sep 2010
Message Posted: Jun 21, 2012 9:41:20 PM

Ok
DustyHorse
Champion Author Virginia

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Joined:Oct 2008
Message Posted: Jun 21, 2012 9:38:54 PM

I guess someone figured they had better unload all of those tankers they were storing oil on before the price goes down further.
WIPACKERFAN
Champion Author Chicago

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Message Posted: Jun 21, 2012 9:36:23 PM

Keep it going down.
yayap17
Rookie Author San Diego

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Points:11,595
Joined:Jun 2012
Message Posted: Jun 21, 2012 9:35:00 PM

I hope they keep falling
PizzaMon
Champion Author Philadelphia

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Message Posted: Jun 21, 2012 9:28:25 PM

Bet some speculators are crying for a change.
Zonk
Champion Author Michigan

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Points:2,870,350
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Message Posted: Jun 21, 2012 9:26:45 PM

Let's hope this trend continues.
nru
Champion Author Twin Cities

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Message Posted: Jun 21, 2012 9:22:35 PM

let's hope prices go below $30/barrel - drop like a rock
blah2blah3
Champion Author Houston

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Joined:May 2011
Message Posted: Jun 21, 2012 9:22:27 PM

ok
jpj23
Champion Author Los Angeles

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Message Posted: Jun 21, 2012 9:21:30 PM

I do hope that a lot of speculators lose their shirts on this reversal.
skyking19
Champion Author Little Rock

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Message Posted: Jun 21, 2012 9:18:28 PM

Come on down!
DABEE1073
Champion Author San Diego

Posts:11,655
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Message Posted: Jun 21, 2012 9:16:07 PM

LET CRUDE OIL FALL TO $25 A BARREL. A MORE REALISTIC PRICE.
carpenter4u
Champion Author Virginia

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Message Posted: Jun 21, 2012 9:07:20 PM

glad I don't own oil futures at this time
OGW
Champion Author London

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Message Posted: Jun 21, 2012 9:04:03 PM

High inventories and low prices sound good to me.
Mowerman08
Champion Author Milwaukee

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Message Posted: Jun 21, 2012 8:57:50 PM

$35 would be a good goal!
FuelOilOH
Champion Author Cleveland

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Joined:Oct 2007
Message Posted: Jun 21, 2012 8:55:25 PM

Time to get more gas cans.
judgemobile
Champion Author Ohio

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Joined:Nov 2005
Message Posted: Jun 21, 2012 8:55:01 PM

retail pump prices SHOULD BE under $ 3.00, but greedy station owners want that extra money of they can get it.
isis1812
Veteran Author West Virginia

Posts:367
Points:211,365
Joined:Mar 2012
Message Posted: Jun 21, 2012 8:54:31 PM

Ok
txkrb
Champion Author Texas

Posts:2,809
Points:1,335,250
Joined:May 2011
Message Posted: Jun 21, 2012 8:48:44 PM

Down another $3 to $78.20 today
Wholesale price of gas dropped to $2.55 lowest since December
If it does not jump back up in the next day or so we should see gas prices down almost .10
24541
Champion Author Virginia

Posts:1,228
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Message Posted: Jun 21, 2012 8:47:32 PM

Good deasl
grn7stars
Rookie Author Washington

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Points:411,625
Joined:Jun 2012
Message Posted: Jun 21, 2012 8:45:42 PM

ok
kishoreCA
Champion Author Ventura

Posts:6,987
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Joined:Mar 2012
Message Posted: Jun 21, 2012 8:45:27 PM

good
Piniewoods
All-Star Author Jacksonville

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Points:484,905
Joined:Aug 2005
Message Posted: Jun 21, 2012 8:43:54 PM

Fall baby fall!
drz614
Champion Author Harrisburg

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Joined:Aug 2011
Message Posted: Jun 21, 2012 8:43:40 PM

today it ended below 80. didn't c any drop at the pump.
carman11
Champion Author North Carolina

Posts:6,699
Points:1,470,200
Joined:Jun 2011
Message Posted: Jun 21, 2012 8:41:16 PM

ok
rampower80
Champion Author Kentucky

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Joined:Jan 2012
Message Posted: Jun 21, 2012 8:34:18 PM

Good news!
Is246
Champion Author Albuquerque

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Joined:Apr 2011
Message Posted: Jun 21, 2012 8:31:50 PM

The lower the better.
DTrainCanada
Champion Author Saskatoon

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Joined:Aug 2005
Message Posted: Jun 21, 2012 8:29:00 PM

$80/barrel is about right ...
ByGuy
Champion Author Dallas

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Joined:Nov 2005
Message Posted: Jun 21, 2012 8:25:59 PM

It is finally going in right direction.
feistyfella
All-Star Author Detroit

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Joined:Jun 2010
Message Posted: Jun 21, 2012 8:24:54 PM

ICE
fenster66
Champion Author Pittsburgh

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Joined:May 2011
Message Posted: Jun 21, 2012 8:24:13 PM

keep it down, now...
RUNNINONEMPTYFL
Champion Author Florida

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Points:522,100
Joined:May 2011
Message Posted: Jun 21, 2012 8:21:48 PM

Here we go again...
ericbcire
Champion Author Nevada

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Joined:Aug 2009
Message Posted: Jun 21, 2012 8:18:39 PM

Prices must drop further or the economy will worsen.
IUVidiot
Champion Author Indiana

Posts:6,842
Points:1,486,460
Joined:Jun 2011
Message Posted: Jun 21, 2012 8:16:08 PM

ok
bbreff
Champion Author Atlanta

Posts:13,024
Points:3,331,730
Joined:Jun 2005
Message Posted: Jun 21, 2012 8:14:50 PM



OK

MG_Sputnik
Champion Author Philadelphia

Posts:10,328
Points:2,729,580
Joined:Apr 2006
Message Posted: Jun 21, 2012 8:13:35 PM

They'll just make a gazillion dollars instead of a kachillion dollars. Boo hoo.
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